CIBanco, S. A., Institución de Banca Múltiple and Blackstone Real Estate Income Trust, Inc. made a tender offer to acquire FIBRA Terrafina (BMV:TERRA 13) for MXN 30.5 billion on June 10, 2024. As consideration, tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA 13) is at a purchase price of MXN 38.50 per certificate. The all-cash tender offer represents a premium of 21% over the unaffected price per Terrafina certificate at the close of trading on December 4, 2023 and a 5% premium to Terrafina?s closing share price on June 7, 2024. The transaction would provide substantial and immediate value for Terrafina?s shareholders and avoids the potential negative tax consequences associated with competing exchange offers. Additionally, this offer provides more certainty given the limited closing conditions. The Mexican antitrust authority, the Comisión Federal de Competencia Económica (COFECE), has unconditionally approved the tender offer. The tender offer is not subject to any financing condition and is not contingent on additional board or shareholder approvals. Terrafina certificates may be tendered at any time until July 10, 2024, unless the expiration date is extended in accordance with the Offer to Purchase referred to below. The completion of the tender offer is conditioned upon, among other things, the acceptance by holders representing at least 50% plus one of the outstanding Terrafina certificates. As of June 18, 2024, the price of offer increased to MXN 39.5 per share. Terrafina certificates may be tendered at any time until 14:00 Mexico City time, on July 17, 2024, unless the expiration date is extended.

Morgan Stanley & Co and Santander are serving as financial advisors to Blackstone Real Estate and MRP Group. Sasan S. Mehrara, Danielle Jackson, Whitney Salinas, Ari Goldman, Carla Fazari, Spencer Goodson, Isabelle McAlevey, Juan Francisco Mendez, Enrique Guijosa Rincon, Natalia Gutierrez, Jose Miguel Colin, Nancy Mehlman and Ruoxi Zhang of Simpson Thacher & Bartlett LLP and Galicia Abogados, S.C., are serving as legal advisors to Blackstone Real Estate and MRP Group. Morrow Sodali, International LLC, acting as Information Agent in transaction for offerors. Morgan Stanley Mexico, Casa de Bolsa, S.A. de C.V., acting as Dealer Manager.